TB Problem 18-157 (Algo) In 2021, Poe's Products completed the treasury stock transactions described below. January...
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TB Problem 18-157 (Algo) In 2021, Poe's Products completed the treasury stock transactions described below. January 2: Reacquired 10 million shares at $15.50 per share. February 15: Sold 3 million treasury shares at $19.75 per share. September 20: Sold 3 million treasury shares at $14.75 per share. Poe had issued 50 million shares of its $1 par common stock for $18 several years ago. Required: Record the above transactions assuming that Poe's Products uses the cost method. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50).) View transaction list Journal entry worksheet < 1 3 Reacquired 10 million shares at $15.50 per share.. Note: Enter debits before credits. Date General Journal Debit Credit January 02, 2021 Treasury stock 155.00 TB Problem 18-157 (Algo) In 2021, Poe's Products completed the treasury stock transactions described below. January 2: Reacquired 10 million shares at $15.50 per share. February 15: Sold 3 million treasury shares at $19.75 per share. September 20: Sold 3 million treasury shares at $14.75 per share. Poe had issued 50 million shares of its $1 par common stock for $18 several years ago. Required: Record the above transactions assuming that Poe's Products uses the cost method. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50).) View transaction list Journal entry worksheet < 1 3 Reacquired 10 million shares at $15.50 per share.. Note: Enter debits before credits. Date General Journal Debit Credit January 02, 2021 Treasury stock 155.00
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